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Yesterday I pointed out why entering in the middle of the range is risky and here is the answer. UC has moved up to the 1.3170 range top and has nicely found a resistance there. Its definitely a worthy trade and those who have taken advantage of this is now in about 30 pips profit and if you are willing to take it low risk, just lock the trade now because if its going to go up, it will likely pass the range top, if not, it might as well go lower and test the 1.30-1.2970 range bottom.
USDCAD analysis for this pair and the movement for today short on this and i have to give you the resistance and support levels for this pair.
Major support and resistance,
Support S.__1 1.3349
Support S.__2 1.3334
Support S.__3 1.3320
Resistance R.__1 1.3374
Resistance R.__2 1.3392
Resistance R.__3 1.3408
I am just giving my own analysis always trade with low risk.
USDCAD trend is sell
1 Resistance is: 1.3375
2 Resistance is: 1.3387
3 Resistance is: 1.3398
1 Supporting is: 1.3351
2 Supporting is: 1.3339
3 Supporting is: 1.3325
USDCAD ascended on Wednesday as merchants kept running from anything even remotely chance related, and the CAD endured therefore. It ought to be noticed that we halted at the 0.9920 dimension, and that from that point forward, we are pulling back
Today’s USD/CAD Signals
Risk 0.75% per trade.
Trades may only be taken between 8am and 5pm New York time today.
Long Trade
Long entry after the next bullish price action rejection following the next touch of 1.3339.
Put the stop loss 1 pip below the local swing low.
Move the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
Short Trades
Short entry after the next bearish price action rejection following the next touch of 1.3402 or 1.3470.
Put the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.
USD/CAD Analysis
I wrote last Thursday that this pair was in a confusing situation, so it might be best to avoid trading this pair for the time being. I had no directional bias.
The situation now is clearer, although there is still no long-term trend: the price is established within a symmetrical medium-term bearish channel, which can be seen in the chart below. This means that the confluence of the trend line, resistance and round number at 1.3400 make that an attractive area at which to find a short trade after a bearish reversal. If we get a strong rejection there, I would take a bearish bias on this pair today, although we have a couple of support levels close by.
EURGBP price now at 0.8828 and still move between range 0.8788~0.8853, If EURGBP in next movement still not able to going down and breakout 0.8788, EURGBP probably will continue back with an uptrend, and next target may at 0.8920 but price must be able to breakout 0.8853 during uptrend
Usd/Cad is buy
current price is : 1.3363
Strong Resistance and Supporting levels ,,
Strong Resistance level first,
Resistance 1>1.3378
Resistance 2>1.3392
Resistance 3>1.3411
Strong Supporting level now,
Supporting 1>1.3347
Supporting 2>1.3335
Supporting 3>1.3323
Today analysis for the pair of usd.cad
Is time ke price ye chal rhe he......... 1.3354
Resistance level 1 # 1.3376
Resistance level 2 # 1.3400
Resistance level 3 # 1.3530
Support level 1 # 1.3330
Support level 2 # 1.3300
Support level 3 # 1.3270
Ye pair buy ka bna huwa he i think jahan par market punche huwe he wahan se up ke traf movement kar sakte he so main suggest kronga hamen buy ki trade lga dene chaheye i hope is trade se ham profit earn kar len
Today's market technical analysis for usd/cad
price 1.3359
market trend is going bearish
market have good trading position for the sell traders
market resistance and support levels could as
1-Resistance level = 1.3378
2-Resistance level = 1.3394
3-Resistance level = 1.3412
1-Support level = 1.3344
2-Support level = 1.3320
3-Support level = 1.3300
Usd/Cad is buy
current price is : 1.3363
Strong Resistance and Supporting levels ,,
Strong Resistance level first,
Resistance 1>1.3378
Resistance 2>1.3392
Resistance 3>1.3411
Strong Supporting level now,
Supporting 1>1.3347
Supporting 2>1.3335
Supporting 3>1.3323